NACL Industries’ Board has recommended raising around Rs 115 crore as Equity, in line with the Company’s plan to raise Equity funds to finance its growth plans in the domestic and export markets.
The infusion of Equity will be through issue of Equity and Equity Warrants (exercisable within 12 months), to an incoming Investor and the existing Promoter. The incoming Investor is Krishi Rasayan Group who will hold around 16% of the equity of NACL upon completion of infusion of funds. The Promoters are also investing Rs 15 crore through Equity Warrants. Post the issue, the Promoters will continue to have controlling interest by holding around 63% of the Equity. There will be no change in the Management of NACL and will continue to run by professional Managers.
NACL Industries produces a comprehensive range of pesticide Technicals and Formulations.
